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Summary of the 15 years of implementation of the 5th Central Resolution on collective economy

PostDate: 16/10/2019; 31 CountView
Quang Ngai Province’s leaders attended in the national conference
​On October 14, Prime Minister Nguyen Xuan Phuc chaired a national online conference summarizing 15 years of implementing the Resolution of the 5th plenum of the Party Central Committee on the 9th term on continuing to renovate, develop and improve collective economic efficiency. 

The report of the Steering Committee for renovation and development of collective economy and cooperatives said that as of December 31, 2018, the whole country had over 22,800 Cooperatives.

The number of effective cooperatives accounts for about 57% of the total.

The average revenue of a cooperative in 2018 reached 4.4 billion VND / cooperative, an increase of 4.2 times compared to 2003.

The contribution of individual economic sector and households accounted for over 30% of the national GDP.

In 2018, the whole country had nearly 1,200 cooperatives organizing production associated with the value chain, applying high technology, standards of food hygiene and safety.

Many cooperatives associate with supermarkets and large enterprises to expand consumption markets, contributing to improving product quality and competitiveness.

Some cooperatives have actively researched and expanded markets, not only domestically but also for export.

In Quang Ngai, the whole province now has 215 active cooperatives, with over 310,000 members, effective cooperatives accounting for 52%.

 After 15 years of implementing the Resolution, cooperatives have developed in both quantity and quality, and gradually overcoming the long-lasting weakness, and having many signals develop in the future.


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Quang Ngai Province